AMSTERDAM, April 25, 2025 /PRNewswire/ — New Amsterdam Invest N.V. (the “Company”, or “New Amsterdam Invest”, or “NAI”), a Dutch commercial real estate company listed on Euronext Amsterdam, announces its annual results and annual report for the financial year 2024, today.

Aren van Dam, ceo New Amsterdam Invest commented:

“With modest pride we report on New Amsterdam Invest 2024 results. An operational result of € 9.4 million in our first full year of operation. The operational results for 2024 is significantly positive impacted by valuation differences. These valuation differences amount to € 3.5 million mainly related to Interra Remington, an investment property acquired on 1 November 2024. The result for 2024 amounts to a profit of € 5.2 million.

The Company operates in a challenging environment with risks of significant currency exchange differences, partly due to the present turbulent economic conditions. However we do currently not encounter significant impact on our tenants.

New Amsterdam Invest wants to position itself as a dividend stock. As a consequence we aim to meet our financial and quantitative parameters as set out at listing, which among others includes a yearly dividend pay-out between 4.5% and 6.5% of the Company’s equity value.

As management we are confident to build NAI further and to be well on track to realize the articulated financial objectives of the Company.”

Financial Highlights

• Rental Income 2024: € 11.1 million
• Net Rental Income 2024: € 7.6 million
• Result for 2024 after non-controlling interest: € 2.7 million
• Earnings per ordinary share: € 0.51
• Total investment property 2024YE: € 128.7 million
• Total Equity 2024YE: € 54.7 million
• Cash generated from operation 2024: € 3.1 million
• Solvency 2024YE: 40.2%

Strategic Highlights

In line with its strategy, NAI acquired a second investment property in the USA on 1 November 2024. This property with an expected rental income 2025 of € 6 million and an annual profit before tax of € 3 million, will contribute significantly to the Company’s result, although approximately 41% of the result will be allocated to the minority interest held by  our local business partner.

Outlook 2025

For 2025 NAI expects to be profitable and well on track to realize the financial objectives the Company as previously articulated. More specific, NAI reiterates that its current portfolio should enable it to realise a net rental income in the financial year 2025 of approximately 11.6 million and an annual  result before tax of € 5 million, excluding potential impact of revaluation of investment property, exchange rate differences, minority share(s), and the results from the acquisition of new investment property.

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Business overview 2024

The results from group companies have been included and consolidated within the Company’s results. The net rental income including service expenses charged amounts to € 7.6 million. The result before taxation for the financial year 2024 amounts to a profit of € 6.8 million. Included in this profit are the positive valuation differences 2024 in the amount of € 3.5 million.

Further we note that the expected loss on the VAT receivable to the amount of € 330k, as included in the general and other expenses, has been charged to the result in the financial year 2023 and has been fully released in 2024, which results in a comparable difference of € 660k. 

Property portfolio

On 1 November 2024, the company acquired the property Interra Remington, Houston USA, via one of its subsidiaries, bringing the total investment properties in the Company’s portfolio to seven; five properties in the UK and two properties in the USA, all held by local group companies.

The breakdown of the investments per property at Year-End is as follows:
In €1.000		2024	2023 Advertisement
Somerset House, Birmingham		18.490	16.841
Interra One Park Ten, Houston		17.641	17.948
Travelodge, Edinburgh		13.907	11.569
Sutherland House, Glasgow Advertisement		9.190	10.475
Blythswood Square, Glasgow		10.557	10.360
Forthstone, Edinburgh		10,738	10.222
Interra Remington, Houston		48.141 Advertisement	0
Total investments at fair value		128.664	77.416

Of the total 2024 rental and service charge income of € 11.1 million, 57% was generated in the UK and 43% in the USA.

Cash flow, and cash position

The cash flow from operating activities 2024 increased and amounts to €3.1 million (previous year €1.0 million). This cash was used for the payment of the interim dividend, distribution of share premium to shareholders and further investments in existing owned properties. 

Cash and cash equivalents decreased by approximately €0.4 million to €5.0 million (rounded) as at 31 December 2024. This decrease is largely driven by available cash at Interra Remington.

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Share Capital and Share Price
		Number of shares
Type of shares		%	31 December 2024
Ordinary shares issued to investors, admitted listing and trading		74.6	3.910.250
Ordinary shares issued to the Promoters (Cornerstone Investment), admitted to listing and trading Advertisement		24.0	1.257.789
Promoter shares		1.4	73.653
Priority shares issued to Sichting Prioriteit New Amsterdam Invest		0.0	5
		100.0	5.241.697 Advertisement
Ordinary shares owned by the Company (Treasury Shares)			943.558
Shares in total			6.185.255
Share capital at €0.04 per share (€ * 1,000)			247

The ordinary share price closed at € 9.00 on 31 December 2024 (31 December 2023: € 9.10)

Tax position

The current tax is based on the taxable result per entity for the reporting period. Up to 31 December 2023, the Company recognized losses. As a result of the profit realized during 2024 the net deferred tax asset, as recognised in 2023, decreased with € 333k, which is charged to the result 2024.

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The unused tax losses in the amount of € 1.3 million pertain to the Netherlands and the United Kingdom and, as tax laws currently stand, can be carried forward indefinitely.

Events after balance sheet date

No relevant events after the balance sheet date.

Annual General Meeting scheduled for 6 June 2025 DV

The convocation, explanatory notes, written proxy and further documentation for the AGM will be available in Dutch and English. All relevant documents are available in the download section of NAI’s website https://www.newamsterdaminvest.nl/#downloads. 

The agenda for the AGM includes various items, amongst others, the adoption of the annual accounts as published today, and the reappointment of BDO Audit & Assurance B.V. as external independent auditor of NAI for the fiscal year ending 31 December 2025. Full details of all voting items are published on NAI’s website. The annual report of NAI relating to the financial year ending on 31 December 2024 published 16 April 2025, including the financial statements, the reports of the management board and supervisory board and the remuneration report, have also been published on the Company’s website.

Financial Calendar

• 25 April 2025, publication Annual Report 2024.
• 25 April 2025, publication Agenda General Meeting of Shareholders 6 June 2025 DV.
• 6 June 2025 DV, General Meeting of Shareholders.
• 29 August 2025, DV half year 2025 results publication.

P&L and Balance Sheet New Amsterdam Invest 2024

An overview of the main financial statements of New Amsterdam Invest in 2024 is provided in the following  tables attached to this press release, for more detailed information we refer to the annual report 2024 as published on the NAI website.

1.  Statement of Consolidated Financial Position as at 31 December 2024 (2023)

2.  Statement of Consolidated Profit and Loss for the Year 2024 (2023)

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3.  Statement of Consolidated Comprehensive Income for the year 2024 (2023)

4.  Consolidated Cash Flow Statement for the year ended 31 December 2024 (2023)

5.  Statement of Changes in Equity for the year ended 31 December 2024 (2023)

About New Amsterdam Invest

New Amsterdam Invest N.V. is a Dutch commercial real estate company listed at Euronext Amsterdam with operating companies in the United States and the United Kingdom.

The main objective of New Amsterdam Invest is running commercial activities including the owning, (re-)developing, acquiring, divesting, maintaining, letting out and/or otherwise operating commercial real estate, all in the broadest possible meaning.

All information about New Amsterdam Invest can be found on the company website: www.newamsterdaminvest.com

Disclaimer

Elements of this press release contain or may contain information about New Amsterdam Invest N.V. within the meaning of Article 7(1) to (4) of the EU Market Abuse Regulation.

This press release may include statements, including NAI’s financial and operational medium-term objectives that are, or may be deemed to be, ”forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ”believes”, ”estimates”, ”plans”, ”projects”, ”anticipates”, ”expects”, ”intends”, ”may”, ”will” or ”should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions.

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Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect NAI’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to NAI’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.

1.  Statement of Consolidated Financial Position
as at 31 December 2024
(*€1,000)		31 December 2024	31 December 2023
Assets
Advertisement Non-current assets
Investment property		128,664	77,416
Property, plant and equipment		3	7
Deferred tax assets		402	735 Advertisement
Total non-current assets		129,069	78,158
Current assets
Accounts receivable		769	516
Value added tax receivable		360 Advertisement	10
Current account investors		–	130
Other assets and prepaid expenses		1,027	146
Cash and cash equivalents		5,097	5,490 Advertisement
Total current assets		7,253	6,292
Total assets		136,322	84,450

1. Statement of Consolidated Financial Position   Advertisement
as at 31 December 2024
(*€ 1,000)		31 December 2024		31 December   2023
Equity and Liabilities
Equity
Share capital		247		247 Advertisement
Share premium		49,172		49,762
Currency translation reserve		1,676		-610
Legal reserves		868		–
General reserves Advertisement		-5,989		-5,970
Attributable to owners of the parent		45,974		43,430
Non-controlling interest		8,773		840
Total equity		54,747 Advertisement		44,270
Non-current liabilities
Loans bank		63,720		35,393
Loans related party USA		5,072		–
Deferred tax liability Advertisement		1,252		116
Total non-current liabilities		70,044		35,509
Current liabilities
Trade payables		425		136 Advertisement
Tax liabilities		2,049		105
Current account related party		337		–
Deferred rental income		1,179		760
Loans bank Advertisement		408		–
Loans related party USA		2,340		2,201
Other short-term liabilities		4,793		1,469
Total current liabilities		11,531 Advertisement		4,671
Total liabilities		81,575		40,180
Total equity and liabilities		136,322		84,450

2. Statement of Consolidated Profit or Loss Advertisement
for the year ended 31 December 2024
(*€1,000)		2024	2023
Rental income		11,112	4,586
Direct related costs		-3,560	-861 Advertisement
Net Rental income		7,552	3,725
Revaluation of investment property		3,517	-4,929
Legal and professional fees		322	1,137
Personnel expenses Advertisement		826	665
Administrative and overhead expenses		488	708
General expenses		298	256
Other expenses		-276 Advertisement	852
Total expenses		1,658	3,618
Operating result		9,411	-4,823
Financial income and expense		-2,633	-578 Advertisement
Result before tax		6,778	-5,401
Income tax		-1,622	605
Result for the period		5,156	-4,796
Result attributable to: Advertisement
Shareholders		2,647	-4,907
Non-controlling interest		2,509	111
Result for the period		5,156	-4,796
Basic earnings per share (*€1) Advertisement		0.51	-0.97
Diluted earnings per share (*€1)		0.51	-0.97

3.   Statement of Consolidated Comprehensive Income
for the year ended 31 December 2024   Advertisement
(*€1,000)		2024	2023
Result for the period		5,156	-4,796
Items which may be recycled to profit or loss (net of tax)
Exchange differences		2,674	-693 Advertisement
Total comprehensive income		7,830	-5,489
Attributable to:
Shareholders		4,933	-5,517
Non-controlling interest		2,897	28 Advertisement
Total comprehensive income		7,830	-5,489

4.   Statement of Consolidated Cash Flows
for the year ended 31 December 2024
(*€1,000)		2024	2023 Advertisement
Operating activities
Result before tax		6,778	-5,401
Adjustments
Depreciation		5	7
Share-based payment expense Advertisement		–	84
Reversal of impairment on VAT receivable		-330	–
Revaluation of investment property		-3,517	4,929
Interest income and expense		2,795 Advertisement	537
Total adjustments		-1,047	5,557
Changes in working capital
Increase in current liabilities		44	1,123
Decrease/(increase) in current assets excluding cash and cash equivalents		-610 Advertisement	152
Increase/(decrease) in trade payables		518	-61
Total changes in working capital		-48	1,214
Cash generated from/(used in) operations		5,683	1,370 Advertisement
Interest paid		-2,637	-816
Interest received		78	514
Income taxes paid		–	–
Cash flow from operating activities Advertisement		3,124	1,068
Investing activities
Investments in investment property, net of cash acquired		-1,338	-54,093
Investments in property, plant and equipment		-1	-1
Release from escrow account Advertisement		–	48,437
Cash flow from investing activities		-1,339	-5,657
Financing activities
Proceeds from additional promoter contribution		–	335
Repayment of current account related party Advertisement		–	-104
Proceeds from loans		530	33,827
Repayment of loans		-261	-23,956
Dividends paid		-2,019 Advertisement	–
Distribution to non-controlling interest		-415	–
Cash flow from financing activities		-2,166	10,102
Movement Cash and cash equivalents		-381	5,513 Advertisement
Cash and cash equivalents as at 1 January		5,490	16
Exchange differences		-12	-39
Cash and cash equivalents as at 31 December		5,097	5,490

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5.  Statement of Consolidated Changes in Equity
for the year ended 31 December 2024
(*€1,000)	Share capital	Share premium	Currency Translation Reserve	Legal reserves	General reserve	Total attributable to shareholders Advertisement	Non-controlling interest	Total Equity
	247	49,762	-610		-5,970	43,430	840	44,270
Balance at 31 December 2023 Advertisement				–
Result for the year	–	–	–	–	2,647	2,647	2,509	5,156 Advertisement
Other comprehensive income	–	–	2,286	–	–	2,286	388	2,674
Total comprehensive income Advertisement	–	–	2,286	–	2,647	4,933	2,897	7,830
Non-controlling interest acquired	– Advertisement	–	–	–	–	–	4,015	4,015
Transfer to legal reserves	–	– Advertisement	–	868	-868	–	–	–
Dividend	–	-590	– Advertisement	–	-1,769	-2,359	–	-2,359
Share-based payment	–	–	–	– Advertisement	–	–	1,436	1,436
Distribution to non-controlling interest	–	–	–	–	– Advertisement	–	-415	-415
Other	–	–	–	–	-30	-30 Advertisement	–	-30
Balance at 31 December 2024	247	49,172	1,676	868	-5,989	45,974	8,773 Advertisement	54,747

5  Statement of Consolidated Changes in Equity
for the year ended 31 December 2023
(*€1,000)	Share capital	Share premium	Currency Translation Reserve	General reserve Advertisement	Total attributable to shareholders	Non-controlling interest	Total Equity
	247	49,419	–	-1,146	48,520	–	48,520 Advertisement
Balance at 31 December 2022
Result for the year	–	–	–	-4,907	-4,907	111	-4,796
Other comprehensive income Advertisement	–	–	-610	–	-610	-83	-693
Total comprehensive income	–	– Advertisement	-610	-4,907	-5,517	28	-5,489
Non-controlling interest acquired	–	–	–	– Advertisement	–	812	812
Additional promoter contribution	–	343	–	–	343	– Advertisement	343
Equity settled share-based payments	–	–	–	84	84	–	84
Balance at 31 December 2023 Advertisement	247	49,762	-610	-5,970	43,430	840	44,270

View original content:https://www.prnewswire.co.uk/news-releases/new-amsterdam-invest-nv-annual-results-and-annual-report-2024-302438558.html

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Equity Insider News Commentary

Issued on behalf of RUA GOLD Inc.

VANCOUVER, BC, April 25, 2025 /PRNewswire/ — Equity Insider News Commentary – Despite the hyperactivity in the markets and with gold prices, analysts at JP Morgan are still predicting $4,000/oz gold prices by Q2 2026. And the optimism for gold bugs doesn’t end there, as a new report from Morningstar Equity Research is highlighting how these high gold prices support gold miner stocks. Now analysts from Jefferies are raising their price targets for gold mining stocks, ahead of upcoming earnings reports. Several gold stocks are providing reason for their recent market attention, including developments from RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Contango Ore Inc. (NYSE-American: CTGO), Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF), Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), and Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF).

Seen as a safe haven, demand for the precious metal is on the rise along with prices themselves. As far as miners go, one can look to the ETFs to see that both the VanEck Junior Gold Miners ETF (GDXJ) and Sprott Junior Gold Miners ETF (SGDJ) have had a stellar 2025 so far, with +44.80% and +39.58% year-to-date performance respectively (as of April 24, 2025).

New Zealand-focused gold exploration company, RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), recently reported encouraging new drill results from its Auld Creek project in the historic Reefton Goldfield, with assays pointing to improved gold grades at depth along the Fraternal ore shoot. Standout intercepts include 9.0 meters at 5.9 g/t gold equivalent (5.2 g/t Au and 0.16% Sb) from hole ACDDH027, and 1.25 meters at 48.3 g/t AuEq (13.3 g/t Au and 8.1% Sb) from ACDDH028. Importantly, these results—returned from 80 to 100 meters beneath the current resource envelope—appear to confirm that gold-antimony mineralization intensifies with depth, supporting the company’s model of a high-grade, south-plunging zone that remains open.

The Auld Creek project represents just one component of RUA’s broader 2025 exploration push across the Reefton district, where the company now holds 95% control over the historic goldfield.

Infographic – https://mma.prnewswire.com/media/2673500/Equity_Insider.jpg

RUA Gold is taking a fresh approach to one of New Zealand’s most storied gold districts—becoming the first modern explorer to deploy advanced geological modeling and AI-driven targeting across the Reefton Goldfield.

And it’s working.

At Auld Creek, the company’s flagship project, early drill campaigns have already delivered hits like 12 meters at 12.2 g/t gold equivalent, including a standout 2 meters at 54.8 g/t gold, while surface sampling has uncovered antimony grades topping 40%. Four mineralized shoots have been confirmed so far, but only two are factored into the current inferred resource: 700,000 tonnes grading 3.1 g/t gold and 1.1% antimony—suggesting considerable room to grow.

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Meanwhile, the 2025 drill season is expanding across the district.

Active programs are now underway at Murray Creek and the Gallant prospect within the Cumberland camp. As a target prioritized by modern AI technology, Gallant sits just 3 kilometers from the historic Globe Progress mine, where OceanaGold pulled more than 610,000 ounces of gold between 2007 and 2016, on top of the 424,000 ounces produced before 1950. Taken together, the Reefton belt has historically yielded over 2 million ounces, with grades that once reached 50 g/t.

Gallant is being tested for potential extensions of a previously reported 20.7-meter vein grading 62.2 g/t gold, including a 1-meter blast of 1,911 g/t. At Murray Creek, visible gold has now been noted in the majority of holes—an encouraging sign for a system still in its early innings.

But RUA’s ambitions don’t end in Reefton.

On the North Island, the company is advancing its Glamorgan Project, located near OceanaGold’s Wharekirauponga (WKP) deposit. There, two large gold-arsenic anomalies—spanning more than 4 kilometers—have been mapped, and rock samples have returned assays as high as 43 g/t gold. With drill targeting already underway, Glamorgan could emerge as the company’s next high-impact play.

Although gold remains the central theme, antimony is quietly shaping up as a strategic wild card. In January 2025, New Zealand added antimony to its official Critical Minerals List. With global supplies tightening and prices rising above US$50,000 per tonne, intercepts like 0.3 meters at 27.2 g/t gold and 1.35% Sb are starting to draw meaningful investor attention.

With a team behind $11 billion in mining exits, and $5.75 million in fresh capital, RUA Gold is not just exploring—it’s executing on a clear plan to unlock overlooked, high-grade potential across one of the Southern Hemisphere’s most underexplored gold belts.

CONTINUED… Read this and more news for RUA GOLD at:  https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

In other industry developments and happenings in the market include:

Contango Ore Inc. (NYSE-American: CTGO) recently announced a $9 million cash distribution from the Peak Gold JV, bringing total proceeds from Manh Choh gold sales in 2025 to $33 million.

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“Operations remain on track at Manh Choh with Contango’s share of gold production for 2025 expected to be 60,000 ounces at the previously guided all-in-sustaining costs (“AISC”) of $1,625 per ounce of gold sold for 2025,” Rick Van Nieuwenhuyse, President and CEO of Contango Ore. “We plan to release financial results from the Q1-2025 on May 14, 2025.”

The first of four production campaigns has now been completed, with 20,000 ounces delivered to Contango’s account. A second campaign is scheduled to begin mid-May, with full-year production guidance holding at 60,000 ounces.

“On our Johnson Tract, we are in final stages of completing the previously announced preliminary economic assessment (“PEA”) and expect to have it released by the end of April,” added Van Nieuwenhuyse.

Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) continues to advance its Los Reyes Project in Sinaloa, Mexico, with high-grade gold-silver intercepts from multiple zones, including Z-T, Central, Guadalupe East, Las Primas, and Fresnillo. Recent drilling highlights included 42.07 g/t AuEq over 1.0 m at Guadalupe East and 9.39 g/t AuEq over 10.5 m at Z-T, while new results from the Fresnillo generative target show near-surface mineralization extended by 120 metres.

“2024 proved to be another transformational year for Prime: we drilled over 50,000 metres, expanded the Los Reyes resource, advanced technical de-risking and worked closely with our communities to earn our social license to operate,” said Scott Hicks, CEO of Prime. “In 2025, we are looking forward to continuing our track record of exploration success while demonstrating our deep commitment to our local communities and the environment. We additionally plan to advance our understanding of Los Reyes toward a Preliminary Economic Assessment.”

Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) recently signed a mandate letter with a syndicate of global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada, to arrange up to US$700 million in structured project debt financing. This follows US$1.3 billion in previously announced LOIs from export credit agencies and marks a major step toward a fully funded construction package.

“Securing this mandate with three globally recognized financial institutions that have expertise in structuring financing solutions for large-scale mining development is a pivotal step in delivering a fully funded construction package for the Troilus project,” said Justin Reid, CEO of Troilus. “These institutions bring world-class mining finance expertise, and their participation further validates the project’s strong fundamentals and strategic importance. Project due diligence is underway in parallel with continued permitting and detailed engineering; our development schedule is on track as we advance Troilus towards construction.”

Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) recently definitively confirmed its Surebet discovery as part of a large-scale, high-grade Reduced Intrusion Related Gold (RIRG) system, following a detailed geological study by the Colorado School of Mines. The study confirms two distinct but related mineralization styles tied to a single magmatic source, with visible gold increasing in grade and coarseness at depth.

Drilling has intercepted gold in 100% of 243 holes across a 1.8 km² area, including intercepts of 34.52 g/t AuEq over 39.0 meters. With the system still open in all directions, Surebet presents a compelling case for a major gold discovery in the heart of British Columbia’s Golden Triangle.

“When you consider how widespread the high-grade gold mineralization is in the veins and RIRG zones, the source is potentially extremely large,” said Roger Rosmus, Founder and CEO of Goliath Resources. “The more drilling and scientific studies we do at the Surebet discovery, the better it gets, and we are still high in the system that is open in all directions, and we are delighted with the prospect with what can be found as we continue to laterally and drill deeper for the source of the high-grade gold system.”

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Article Source: https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

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